TDS not deductible on reimbursement of brokerage

With regard to the first issue the AO was under the wrong impression in treating the reimbursement of ‘scheme expenses’ as “provision for expenses” whereas the fact remains that the expenses were crystallized and it was paid immediately after the end of the financial year and similar expenses were allowed as eligible for deduction in the subsequent year. With regard to applicability of section 40(a)(ia) of the Act also, the learned CIT(A) gave cogent reasons in holding that provisions relating to TDS are not applicable and on similar issue

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